The hundredth position is the second one after the decimal point, so it will be between 0.00 and 0.01.
These are the same as 0.00000 and 0.01000 so think about the number line
0.00000...........................................0.00500...........................................0.010000
Whereabouts do you think 0.00824 will lie? So which of the end points will it be nearer to?